NBA Team To Auction Basketball Star’s Jersey on Ethereum Blockchain

The Sacramento Kings, an NBA team, will auction off starting guard Buddy Hield’s game jersey from Wednesday’s game using a blockchain-powered marketplace. It would be auctioning off team memorabilia live using an ethereum-based platform operated by Treum, a supply-chain product.

During home games, Kings fans can bid on gear worn by players on the team. A digital token which will contain data detailing the game, season, player and timestamp will represent proof-of-ownership for items, and will be held by the item’s owner.

Blockchain will be a force to reckon with in the nearest future with the way it is going. Many firms are adopting the blockchain technology and the demand for workers in the sector is really on the fast increase.